STAT Communications Ag Market News

U.S. National Weekly Rice Summary

LITTLE ROCK - Sep 28/15 - SNS -- The latest weekly rice market summary for the United States was released by the USDA today.

                       National Weekly Rice Summary
                 (Arkansas-Louisiana-Texas-California)
                             Domestic Trend
   In the south, long and medium grain milled rice prices mostly steady.  Parboiled,
Second heads and Brewers rice prices mostly steady.  Rice by-products:  Rice Bran
prices steady to 10.00 higher; Millfeed and ground hull prices mostly steady with
limited available spot sale prices.  According to NASS as of Sep 27, Louisiana 98%,
Texas 98%, Mississippi 76% and Arkansas 72% harvest completed.  Throughout the south
the field yields are very uneven from farm to farm.  As the rough rice futures
continue upward, farmers ask prices on rough rice continue to rise with which has
slowed mills procurement of rough rice.
   In California, medium grain milled rice prices mostly steady instances 3.00 lower.
Second heads and Brewers rice prices mostly steady instances 3.00 lower.  Rice by-
products:  Rice Bran prices steady to 10.00 higher; ground hull prices not well
tested.  Recent market drop instances mostly due to contacts playing catch up to
current market activity and prices.  Majority is hoping for fall to bring much need
moisture.  According to NASS as of Sep 27, 35% of the rice crop has been harvested.
   CME Rough Rice settlements for Friday Sep 25th, Nov 15 closed .255 higher at
13.27; Jan 16 closed .26 higher at 13.56.  US dollar index on Friday settled at
96.26.
                    Arkansas          Texas         Louisiana      California
MILLED RICE
Long grain         21.50-23.00     23.25-26.75        23.00           -----
Medium grain       23.00-27.00        -----           28.00        40.00-42.00
Short grain           -----           -----           -----            NA
Parboiled          23.50-25.00        31.50           32.00           -----
Second heads       15.25-18.00     18.00-22.00        16.00        17.00-18.00
Brewers            14.50-16.75     15.25-18.00        13.00        14.00-15.00
   Domestic shipment: Offers, fob mills, milled rice, spot prices, dollars per cwt,
bagged. (All milled rice grade No 2 not to exceed 4 percent broken, except
California grade No 1. All second heads grade No 4 or better, second head and
brewers are bulk.) Rough rice per cwt FOB farm for grade 2, milling 55/70.
Rice by-products (spot prices, dollars per short ton, fob mills).
Rice bran             90.00          110.00        85.00-95.00    110.00-120.00
Rice millfeed         40.00            NA             40.00           -----
Rice hulls(ground)     5.00            5.00            5.00        30.00-35.00
Rice hulls(whole)                                                      8.00
*M = mostly
*NFE = not fully established
*NA = not available
Source:  USDA Market News Service, Little Rock, AR

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